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BANKNIFTY remains within its channel range, making directional trading challenging for positional traders. With the nearest resistance at 49000 and support at 47000, a calendar spread within this range seems favorable, especially considering the upcoming election results and the current low VIX levels. In the event of a VIX increase, the calendar spread could yield promising returns.
BANKNIFTY remains within its channel range, making directional trading challenging for positional traders. With the nearest resistance at 49000 and support at 47000, a calendar spread within this range seems favorable, especially considering the upcoming election results and the current low VIX levels. In the event of a VIX increase, the calendar spread could yield promising returns.
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